What's Available Wednesday? A Chicago Triplex!This week we have found a Chicago triplex ready for someone to invest in! Do you want triple the cash flow with this real estate investing opportunity? Snatch it up before someone else does!

This one is truly a great deal – and puts a whopping $1,822 in cash flow in your bank account each month (and that’s conservatively estimated!)…..

Chicago is a city that is on the rise: it’s the #1 most diversified economy in the US, chock full of colleges, hospitals, Fortune 5oo employers… And most importantly, there are tenants and lots of them. Let’s take a look at today’s hot find!

Triplex

Location: Chicago, IL.

Built In: 1922 (fully renovated)

Purchase price: $230,000 (not a foreclosure, normal sale)

Property info: 9 bedrooms, 3 bathrooms, 2,312 square feet, 2+ stories, 2 car garage

Income

Monthly rent collected: $3,000

Expenses

Monthly expenses

Property taxes: $249

Insurance: $150

Property management fees: $252

Monthly expenses (conservatively estimated)

Vacancy (7%): $210

Repairs (5%): $150

Landscaping: $42

Owner-paid Utilities: $125

Total Monthly Expenses- $1,178

Net Income = Income – Expenses = $1,822

Advanced Numbers

Cap Rate = 9.51%

annual net income (non-inclusive of mortgage payment) / purchase price 

Cash-on-cash return =

Depends on your leveraging.

Special Terms

  • 1 Year Scope of Work Warranty

If you are interested in this property or seeing others like it, contact Melissa at melissa@hipsterinvestments.com. Take the plunge: you won’t regret it!

Want to see more deals like this?
We’ll send them to you!

Want to see more deals like this? We'll send them to you!

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